G4S Board “reviewing options” for separation of Cash Solutions from main Group

The Board of G4S is reviewing options for the separation of the Group’s Cash Solutions business from the Group following the establishment of the Global Cash Solutions division on 1 January 2018.

Since 2013, G4S’ portfolio management programme has created a focused Group with two principal business segments: Secure Solutions and Cash Solutions. The Board believes that a separation of Cash Solutions has the clear potential to enhance the focus and success of both businesses and unlock substantial shareholder value.

The review of separation options has commenced and is expected to be completed during 2019. An update will be provided when the Group’s full year financial results are issued next March.

G4S Group CEO Ashley Almanza said: “The implementation of our new organisation structure in January this year enables us to consider this separation in order to enhance the strategic, commercial and operational focus of both Secure Solutions and Cash Solutions. G4S Cash Solutions has a unique portfolio of market-leading cash management businesses serving customers in 45 countries across the globe. Our Retail Cash Solutions business is the clear market leader, providing cash payment software and services in some of the world’s largest markets. With innovative, industry-leading products and services and substantial market shares, G4S Cash Solutions is transforming cash management services in its markets.”

Ashley Almanza: CEO at G4S

Ashley Almanza: CEO at G4S

Almanza added: “G4S Secure Solutions is the global leader in security and delivers both conventional and integrated, technology-enabled security solutions to its customers across six continents. This business is very well positioned to address the global growth in demand for security services with a growing capacity to deliver integrated security solutions, an unrivalled global footprint and a premier brand in security.”

In conclusion, Almanza observed: “The review of our separation options offers an exciting opportunity to enhance our focus for the benefit of customers, shareholders and employees alike. Our aim is to establish two strong and independent businesses that are able to take advantage of their leading market positions and excellent service offerings to deliver sustainable and profitable growth.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

Related Posts